source avatarTraderJonesy

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We hit my $SPY 780 August target. Now comes the part of the year where I think traders need to be VERY careful. Dating back over the last 30 years, September has consistently been one of the weakest months for the market. Look at the more recent history and September continues to stand out as a difficult month. That does NOT mean September automatically has to be red this year but seasonality is something I respect, especially after the run we have already had. My signals remain bullish. My larger thesis remains bullish. But I want to make something very clear. A bullish long term signal does not mean the market has to go straight up. We can pull back for a month or two, consolidate, scare everyone out and still remain perfectly intact for the larger move higher. My August target was 780. We hit it. My year end target has shifted upward to 830. But there is absolutely nothing saying we need to go from 780 straight to 830 in August or September. We have plenty of time for that move to develop, and the path there could get rocky before it gets easy again. That’s why I’m going to be paying particularly close attention as we move toward September and October. Seasonality becomes less favorable, we’re coming off a strong expansion into my target and this is exactly where I don’t want anyone getting complacent simply because the larger signals remain bullish. Could we continue ripping and completely ignore seasonality? Of course. Could we pull back hard in September, shake everyone out and STILL trade at 830 by December? Absolutely. Those two things are not contradictory. Seasonality isn’t a trading signal by itself. It’s another probability to put on the table alongside price, liquidity, volatility and my signals. If price remains strong, I’ll respect the strength. If the market starts showing weakness, I’m not going to ignore it simply because my year end target is higher. This is where taking the market level by level becomes extremely important. Don’t marry the bullish case. Don’t marry the bearish case. Don’t assume a red September destroys the larger thesis and don’t assume a bullish year end target means September can’t hurt. 780 was the August target. Mission accomplished. 830 remains the year end target. What happens between those two numbers? That’s the part we have to trade. Level by level here team. #SP500 #SPY #QQQ #TSLA #PLTR #NVDA #AAPL #Bitcoin #Crypto #stockmarket

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